Global oil demand is forecast to grow by 600,000 barrels per day (bpd) in 2026 year-on-year, down from last month's assessment, said the Organisation of the Petroleum Exporting Countries

Assuming further normalization, global demand is expected to resume growth by November, the report says

OPEC cuts 2026 oil demand growth forecast by 200,000 barrels per day. New all-time high for crude oil by September 30 at 3.5% YES.

Global supply to shrink in 2026, surge back above 110 mb/d in 2027